10 August 2023
10 August 2023
Marine and coastal ecosystems are some of the world’s most effective carbon sinks. But when it comes to harnessing their powers of carbon removal, a false step could result in ecological catastrophe, reports correspondent Oliver Gordon.
Government flip-flopping on the UK’s 2030 ban on new petrol and diesel car sales has prompted concern by players in the auto services and auto finance sectors, writes Alejandro Gonzalez, an editor at our sister site Motor Finance, where this column first appeared.
Rishi Sunak’s embrace of fossil fuels and internal combustion engines this summer follows a pattern among conservatives across Europe. Are they right to think that even with the current extreme weather, voters are tired of policies that fight climate change? asks senior writer Dave Keating.
As companies and governments tighten their decarbonisation strategies, how dependent might the world become on large-scale carbon removal technologies? Trainee reporter Annabel Cossins-Smith sat down with Carbon Engineering’s Amy Ruddock to talk about the future of one of those technologies: direct air capture.
The focus on energy-related themes within the filings of tech giants reflects their growing renewables demand.
Rather than supporting the oil and gas industry with fiscal and regulatory measures, governments should be introducing measures to phase out fossil fuels, according to new research focused on the North Sea energy transition.
It is the first new reactor to become operational in the US for seven years and accompanies a jobs uptick.
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ESG is moving into a different era, which we call ESG 2.0. While ESG 1.0 was driven by voluntary corporate action, spurred by pressure from activist consumers and investors, ESG 2.0 is being driven by a new wave of government policies. The EU has taken the regulatory lead, with rules introduced or in the pipeline that will price emissions, regulate the use of the terms ‘ESG’ and ‘sustainability’ in marketing materials, and make ESG reporting mandatory. The US has taken a different approach, favoring less regulation and more financial support in the form of tax breaks for clean industry (renewables plus nuclear and hydrogen). China is planning to expand its emissions trading system to more sectors, decarbonize its heavy industry, and ramp up its use of renewables. The new policy direction is mainly motivated by the ambition to hit net zero emissions targets. But on top of this, governments are now competing for clean industry and trying to challenge China’s leadership on the production of the world’s green technologies such as solar panels and batteries, as well as the production and refinement of materials needed for energy transition such as lithium. These driving forces are leading to policy that will impact every sector, not just heavy industry, and will keep ESG near the top of the regulatory agenda over the longer term.
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